Saat E Mutual Fund Forecast - Naive Prediction

SKTAX Fund  USD 22.45  0.11  0.49%   
The Naive Prediction forecasted value of Saat E Market on the next trading day is expected to be 22.43 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.11. Saat Mutual Fund Forecast is based on your current time horizon.
  
A naive forecasting model for Saat E is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Saat E Market value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Saat E Naive Prediction Price Forecast For the 12th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Saat E Market on the next trading day is expected to be 22.43 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.11.
Please note that although there have been many attempts to predict Saat Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Saat E's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Saat E Mutual Fund Forecast Pattern

Backtest Saat ESaat E Price PredictionBuy or Sell Advice 

Saat E Forecasted Value

In the context of forecasting Saat E's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Saat E's downside and upside margins for the forecasting period are 21.88 and 22.98, respectively. We have considered Saat E's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
22.45
22.43
Expected Value
22.98
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Saat E mutual fund data series using in forecasting. Note that when a statistical model is used to represent Saat E mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria116.3983
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1308
MAPEMean absolute percentage error0.0059
SAESum of the absolute errors8.1109
This model is not at all useful as a medium-long range forecasting tool of Saat E Market. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Saat E. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Saat E

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Saat E Market. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
21.9022.4523.00
Details
Intrinsic
Valuation
LowRealHigh
21.8222.3722.92
Details
Bollinger
Band Projection (param)
LowMiddleHigh
22.1522.4822.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Saat E. Your research has to be compared to or analyzed against Saat E's peers to derive any actionable benefits. When done correctly, Saat E's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Saat E Market.

Other Forecasting Options for Saat E

For every potential investor in Saat, whether a beginner or expert, Saat E's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Saat Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Saat. Basic forecasting techniques help filter out the noise by identifying Saat E's price trends.

Saat E Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Saat E mutual fund to make a market-neutral strategy. Peer analysis of Saat E could also be used in its relative valuation, which is a method of valuing Saat E by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Saat E Market Technical and Predictive Analytics

The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Saat E's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Saat E's current price.

Saat E Market Strength Events

Market strength indicators help investors to evaluate how Saat E mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Saat E shares will generate the highest return on investment. By undertsting and applying Saat E mutual fund market strength indicators, traders can identify Saat E Market entry and exit signals to maximize returns.

Saat E Risk Indicators

The analysis of Saat E's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Saat E's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting saat mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Saat Mutual Fund

Saat E financial ratios help investors to determine whether Saat Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Saat with respect to the benefits of owning Saat E security.
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